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Good interview with Gillian Tett of the Financial Times and Robert Rubin, former United States Secretary of the Treasury on the European Debt Crisis. Rubin does make a good point 19:45 minutes into the discussion about Mario Draghi’s debt monetization dilemma,

“If he floods the markets with Euros…and loses his credibility on inflation, you could see holders of Euro denominated securities dump them, which would undermine exactly what you’re trying to accomplish….”

In other words, money demand collapses. It’s a great discussion and well worth your time. Click here for interview.